Eskom Warns of Price Hikes Amid Rising Competition from Private Traders

Eskom Generation has raised alarms about private groups seeking trading licenses, warning this could lead to increased electricity prices for its remaining customers. During a recent Nersa hearing, Eskom highlighted potential violations of existing rules designed to prevent multiple licensees from supplying the same area, which could lead to "cherry-picking" of customers and threaten the utility's cross-subsidy system. Despite its objections, Eskom is open to collaborating with Nersa to revisit these regulations as it faces mounting competition and financial challenges in an evolving energy market. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: Loadshedding.com